Today, as the wire service AFP reported in a story carried at Yahoo.com,
Federal Reserve Chairman Ben Bernanke, in the question and answer
exchange after his prepared testimony, told the House Financial Services
Committee that "If we were to tighten (monetary) policy, the economy
would tank."
That assessment of the economy's fragility qualifies as news, especially given the Obama administration's continued claim
that the economy is "continuing to recover at a promising rate."
Outlets besides AFP virtually ignored Bernanke's soundbite, which should
be considered scary to anyone who realizes that Big Ben can't go on
"stimulating" at his current rate forever.
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